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Other Comprehensive Income (Loss) (Tables)
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
The components of accumulated other comprehensive income (loss) are as follows:
(In millions of dollars)
December 31, 2014

 
December 31, 2013

Foreign currency translation adjustments (net of deferred tax (asset) liability of $(5) and $7 in 2014 and 2013, respectively)
$
(459
)
 
$
56

Net unrealized investment gains (net of deferred tax liability of $2 in both 2014 and 2013)
5

 
5

Net charges related to pension / post-retirement plans (net of deferred tax asset of $1,587 and $1,213 in 2014 and 2013, respectively)
(3,393
)
 
(2,682
)
 
$
(3,847
)
 
$
(2,621
)
The changes in the balances of each component of Accumulated Other Comprehensive Income ("AOCI") for the years ended December 31, 2014 and 2013, including amounts reclassified out of AOCI, are as follows:
(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total
Balance as of January 1, 2014
$
5

 
$
(2,682
)
 
$
56

 
$
(2,621
)
Other comprehensive loss before reclassifications
—

 
(816
)
 
(515
)
 
(1,331
)
Amounts reclassified from accumulated other comprehensive loss
—

 
105

 
—

 
105

Net current period other comprehensive loss
—

 
(711
)
 
(515
)
 
(1,226
)
Balance as of December 31, 2014
$
5

 
$
(3,393
)
 
$
(459
)
 
$
(3,847
)

(In millions of dollars)
Unrealized Investment Gains
 
Pension/Post-Retirement Plans Gains (Losses)
 
Foreign Currency Translation Adjustments
 
Total
Balance as of January 1, 2013
$
4

 
$
(3,451
)
 
$
140

 
$
(3,307
)
Other comprehensive income (loss) before reclassifications
1

 
574

 
(84
)
 
491

Amounts reclassified from accumulated other comprehensive loss
—

 
195

 
—

 
195

Net current period other comprehensive income (loss)
1

 
769

 
(84
)
 
686

Balance as of December 31, 2013
$
5

 
$
(2,682
)
 
$
56

 
$
(2,621
)
Schedule of Other Comprehensive Income (Loss)
The components of other comprehensive income (loss) are as follows:
For the Year Ended December 31,
2014
(In millions of dollars)
Pre-Tax
Tax (Credit)
Net of Tax
Foreign currency translation adjustments
$
(527
)
$
(12
)
$
(515
)
Pension/post-retirement plans:
 
 
 
Amortization of prior service credits
(16
)
(5
)
(11
)
Amortization of net actuarial losses
242

74

168

Curtailment gain
(65
)
(13
)
(52
)
Losses included in periodic pension cost
161

56

105

Net losses arising during period
(1,418
)
(466
)
(952
)
Foreign currency translation adjustments
180

39

141

Other adjustments
(8
)
(3
)
(5
)
Pension/post-retirement plans losses
(1,085
)
(374
)
(711
)
Other comprehensive loss
$
(1,612
)
$
(386
)
$
(1,226
)
For the Year Ended December 31,
2013
(In millions of dollars)
Pre-Tax
Tax (Credit)
Net of Tax
Foreign currency translation adjustments
$
(86
)
$
(2
)
$
(84
)
Unrealized investment gains
1

—

1

Pension/post-retirement plans:
 
 
 
Amortization of prior service credits
(22
)
(8
)
(14
)
Amortization of net actuarial losses
317

108

209

Losses included in periodic pension cost
295

100

195

Net gains arising during period
898

339

559

Foreign currency translation adjustments
27

8

19

Other adjustments
(7
)
(3
)
(4
)
Pension/post-retirement plans gains
1,213

444

769

Other comprehensive income
$
1,128

$
442

$
686


For the Year Ended December 31,
2012
(In millions of dollars)
Pre-Tax
Tax (Credit)
Net of Tax
Foreign currency translation adjustments
$
177

$
(5
)
$
182

Unrealized investment losses
(1
)
1

(2
)
Pension/post-retirement plans:
 
 
 
Amortization of prior service credits
(31
)
(12
)
(19
)
Amortization of net actuarial losses
270

90

180

Losses included in periodic pension cost
239

78

161

Net losses arising during period
(648
)
(217
)
(431
)
Foreign currency translation adjustments
(113
)
(26
)
(87
)
Other adjustments
75

17

58

Pension/post-retirement plans losses
(447
)
(148
)
(299
)
Other comprehensive loss
$
(271
)
$
(152
)
$
(119
)